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Accountancy · 2026 · 1 mark

CBSE 2026 · Region 4 · Set 1 · Q1

Reena and Teena were partners in a firm sharing profits and losses in the ratio of 2: 1. Teena withdrew ₹ 20,000 at the beginning of each month…

Reena and Teena were partners in a firm sharing profits and losses in the ratio of $\displaystyle 2$ : 1. Teena withdrew ₹ $\displaystyle 20,000$ at the beginning of each month during the year ended 31st March, 2025. Interest on drawings was to be charged @ $\displaystyle 6$% per annum. Interest on Teena's drawings for the year ended 31st March, $\displaystyle 2025$ will be :
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